Miners invest nearly $3.3 million in Bitcoin for the first time in 14 years

Bitcoin Miners

Miners first transferred Bitcoins received as rewards for mined blocks on April 23, 2010. In a shocking turn of events, the latest data from Lookonchain has revealed that a mysterious whale has made a jaw-dropping transaction of 50 Bitcoins (BTC) worth a whopping $3.3 million. But that’s not all – the plot thickens as 17 … Read more

Bitcoin dominance returns to 2021 high as ETFs boost

Bitcoin ETFs boost

Bitcoin reigns supreme in the world of cryptocurrencies, soaring to a three-year high fueled by a surge of interest in U.S. ETFs. According to CoinMarketCap, they make up a staggering 55% of the $2.4 trillion market. This is a level we haven’t seen since April 2021. And leading the pack is the king of all … Read more

Bitcoin (BTC) Bears Feel the Heat, but Bullish Recovery Charts Emerge

Bitcoin (BTC)

Political turmoil in the Middle East ignited a firestorm in the crypto world this weekend, causing a sharp decline in the market. Bitcoin, the flagship cryptocurrency, took a hit and fell below the $60,000 mark. But just as the dust began to settle, Monday brought a glimmer of hope for $BTC as almost half of … Read more

Bitcoin Halving Shatters Every Prediction

Bitcoin Halving Prediction

As the highly anticipated halving event drew near, Bitcoin (BTC) enthusiasts held their breath, waiting for the price to soar. Yet, to their surprise, the market took an unexpected turn. Despite the hype, Bitcoin is now valued at $66,226 (BTC/USD), leaving many scratching their heads. As the highly anticipated halving event draws near, Bitcoin’s value … Read more

Bitcoin’s $12.2K Drop: Where Are the Signs of a Recovery?

Bitcoin's $12.2K Drop

Bitcoin [BTC] takes a wild ride as it plunges 16.67% in just five days, dropping from its peak of $72.8k to a low of $60.6k this past Saturday. While technical analysis shows a bullish outlook in the long term, the market remains on edge as $314 million worth of assets were liquidated in the last … Read more

Tether’s $500 Million Bitcoin Mining Project Hits Final Phase Before Halving

Tether's 500 Million Bitcoin Mining project

Tether, the leading stablecoin, is on the brink of completing a groundbreaking $500 million Bitcoin mining venture. In a thrilling interview with DL News, CEO Paolo Ardoino spilled the beans on the company’s ambitious plan. Brace yourself, because this project involves not just one, but three countries – Uruguay, Paraguay, and El Salvador. The funds … Read more

Bitcoin Drops 8%, Drops Below $62K Before Rebounding

Bitcoin Drop

Saturday proved to be a tumultuous day for the world of cryptocurrency, as Bitcoin (BTC) and its counterparts took a sharp nosedive of nearly 10%. The value of the leading digital asset plummeted below $62,000, sending shockwaves through the market. However, just as quickly as it fell, BTC managed to regain its footing and climb … Read more

Bitcoin ETF sees net outflows of $55 million as BTC falls to $65k

Bitcoin ETF

Bitcoin ETFs Take a Hit: Investors Pull Out $55 Million in a Single Day on April 12 Bitcoin ETFs ahead of halving Friday saw a major shakeup in the world of cryptocurrency, with a whopping $166 million withdrawn from Grayscale’s GBTC, according to data from SoSo Value. This trend of large outflows from GBTC in … Read more

US government tops global Bitcoin holdings with assets worth $15 billion

US government tops global Bitcoin holdings with assets worth 15 billion

The US government holds the most Bitcoin among all nations worldwide, with about $14.7 billion worth of BTC. According to Arkham data, the U.S. government holds 212,847 BTC in its treasury wallets, which places it just behind MicroStrategy’s 214,246 BTC, currently valued at $14.8 billion. In addition to Bitcoin, the U.S. has accumulated significant quantities … Read more

Bitcoin (BTC) remains strong despite poor US CPI data

Bitcoin (BTC) remains strong despite poor US CPI data

March’s US CPI data sent shockwaves through the market with a sizzling 3.5% increase, surpassing all expectations. The news was not well-received by investors as most indices took a hit. But amidst the chaos, one digital currency stood strong. Bitcoin, after a brief dip, held its ground at an impressive $70,000. It seems the accumulation … Read more